Issue of Equity

 

TIDMMOE 
 
RNS Number : 3545S 
Moto Goldmines Limited 
15 May 2009 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
"Not for dissemination in the United States or through any US newswire service" 
 
 
NEWS RELEASE 
 
 
FOR IMMEDIATE RELEASE 
                             TSX Code - MGL 
MAY 15, 2009  AIM Code - MOE 
 
 
MOTO GOLDMINES LIMITED CLOSES OVER-ALLOTMENT OPTION 
 
 
PERTH, WESTERN AUSTRALIA - Moto Goldmines Limited ("Moto" or the "Company") is 
pleased to announce the closing of the issue of an additional 2,679,000 common 
shares at a price of C$2.80 per share, for gross proceeds of C$7,501,200 
pursuant to the exercise of the over-allotment option (the "Over-Allotment 
Option") granted by Moto to a syndicate of underwriters, co-led by GMP 
Securities L.P. and BMO Capital Markets and including RBC Capital Markets and 
Haywood Securities Inc. (collectively, the "Underwriters").  The Over-Allotment 
Option was granted to the Underwriters in connection with Moto's short form 
prospectus offering (the "Offering") of 17,860,000 common shares at C$2.80 per 
share, for gross proceeds of C$50,008,000, which closed on April 27, 2008. The 
total gross proceeds raised pursuant to the Offering and the Over-Allotment 
Option was C$57,509,200. 
This news release does not constitute an offer to sell or the solicitation of an 
offer to buy any common shares within the United States. The common shares have 
not been offered and will not be registered under the United States Securities 
Act of 1933, as amended (the "1933 Act"), or any state securities laws. 
Accordingly, the common shares may not be offered or sold in the United States 
or to U.S. persons (as such terms are defined in Regulation S under the 1933 
Act) unless registered under the 1933 Act and applicable state securities laws 
or an exemption from such registration is granted. 
For further information in respect of the Company's activities, please contact: 
 
 
+-----------------------------------------+--------------------------------------+ 
| Andrew Dinning                          | Mark Arnesen                         | 
+-----------------------------------------+--------------------------------------+ 
| President and Chief Operating Officer   | Financial Director and Chief         | 
| Tel: [phone]                    | Financial Officer                    | 
| Email:  [e-mail]      | Tel: [phone]                 | 
|                                         | Email: [e-mail]    | 
+-----------------------------------------+--------------------------------------+ 
Moto Goldmines Limited website: www.motogoldmines.com 
+-----------------------------------------+-----------------------------------------+ 
| Nominated advisor for the purposes of   | RFC Corporate Finance Ltd               | 
| AIM:                                    | Steve Allen                             | 
|                                         | Tel: [phone]                    | 
|                                         | Email: [e-mail]           | 
+-----------------------------------------+-----------------------------------------+ 
| AIM Broker                              | GMP Securities Europe LLP               | 
|                                         | James Hannon                            | 
|                                         | Tel: [phone]                   | 
|                                         | Email: [e-mail]       | 
+-----------------------------------------+-----------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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